Ricco
@riccoja
Tax policy researcher
Joined August 2014
915 Following 2.6K Followers
So, for (3), we ask: what would revenue potential look like without step-up?
Taxing gains at death would raise revenue directly. But, crucially, it'd also make realizations less responsive to tax—there'd be much less of a reason to defer—so we'd get a higher Laffer curve peak.
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